General Mills (NYSE:GIS) Price Target Raised to $62.00 at Jefferies Financial Group

General Mills (NYSE:GIS) had its target price hoisted by equities researchers at Jefferies Financial Group from $58.00 to $62.00 in a research note issued on Monday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 7.59% from the stock’s current price.

GIS has been the topic of a number of other research reports. Citigroup decreased their target price on shares of General Mills from $71.00 to $67.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Bank of America reduced their price target on General Mills from $78.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Mizuho cut their target price on General Mills from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Piper Sandler dropped their price target on General Mills from $84.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, February 25th. Finally, Barclays lowered their price objective on shares of General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $68.65.

General Mills Stock Performance

Shares of NYSE:GIS traded up $2.60 during trading on Monday, reaching $67.10. 2,152,651 shares of the stock were exchanged, compared to its average volume of 3,914,823. General Mills has a 12 month low of $55.15 and a 12 month high of $75.90. The stock has a 50-day moving average price of $60.33 and a 200-day moving average price of $65.97. The company has a current ratio of 0.92, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The firm has a market cap of $36.98 billion, a PE ratio of 14.58, a PEG ratio of 1.94 and a beta of 0.06.

General Mills (NYSE:GIS) last posted its earnings results on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.14 billion. General Mills had a return on equity of 27.55% and a net margin of 13.08%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 earnings per share. Research analysts expect that General Mills will post 4.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Joseph Gallagher sold 1,041 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $64.50, for a total value of $67,144.50. Following the transaction, the insider now owns 42,117 shares in the company, valued at $2,716,546.50. The trade was a 2.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Endeavor Private Wealth Inc. acquired a new stake in General Mills during the fourth quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC bought a new position in General Mills during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in General Mills in the fourth quarter worth $31,000. VSM Wealth Advisory LLC acquired a new position in shares of General Mills during the fourth quarter valued at about $32,000. Finally, Transce3nd LLC bought a new position in shares of General Mills during the 4th quarter worth about $32,000. 75.71% of the stock is owned by institutional investors.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.